News about acquisitions can bring a company on the radars of investors in a big way and can often have a positive or negative effect on the stock price, depending on market sentiments. Yesterday, Digital Utilities Ventures Inc. (OTC:DUTV) was in the news cycle after the company announced that it had been successful in the completion of the acquisition of Easy Modular Manufacturing Inc. and Easy Energy Systems Technologies LLC.
In the news release, the company announced that the completion of the transaction was a major step forward since it aligned with its aim of leveraging disruptive modular technologies for the purpose of taking care of worldwide challenges. The Chief Executive Officer of Digital Utilities Ventures, Mark K. Gaalswyk, had been the driver of the initiative and would be responsible for leading the combined entity. Gaalswyk would bring his considerable experience and ease with innovation to the role in order to make it a success.
However, that was not all. Other than the two acquisitions, it was revealed that Digital Utilities Ventures was also in the concluding stages of completing the acquisition of a majority stake in the company Free Earth Now LLC. It was noted that the acquisition of the stake would be completed no later than April 30, 2024.
The transactions are expected to be major milestones in the company’s strategic quest to create a more scalable and efficient operational structure. The company stated that through the integration of the highly regarded technologies of the three companies into the operations of Digital Utilities Ventures, it would be possible to develop the capabilities to change the face of a number of sectors through factory-developed distributed modular solutions. Gaalswyk spoke about the transactions yesterday and noted that it was a transformative moment for Digital Utilities Ventures to have completed the acquisitions.
